Rotorua Daily Post
  • Rotorua Daily Post home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Sport
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Business
  • Opinion
  • Lifestyle
    • All Lifestyle
    • Residential property listings
  • Property
    • All Property
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Rural
  • Sport

Locations

  • Tauranga
  • Te Puke
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Taupō & Tūrangi

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales

Weather

  • Rotorua
  • Tauranga
  • Whakatāne
  • Tokoroa
  • Taupō

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Rotorua Daily Post

Co-operative Bank shares $64,512 with Rotorua customers

Rotorua Daily Post
18 Jun, 2017 11:16 PMQuick Read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

The Co-operative Bank is today sharing $2.1 million in rebate payments with its customers. Photo/File

The Co-operative Bank is today sharing $2.1 million in rebate payments with its customers. Photo/File

The Co-operative Bank has shared $2.1 million in rebate payments with its customers, with customers in Rotorua receiving a share of $64,512.

The Co-operative Bank is the only New Zealand bank to share its
profits with its customers and the payout comes off the back of a solid year.

More than 15,000 new customers joined the bank in the 12 months to March 31, taking
its customer base to 156,000.

This marks the fifth year in a row since it became a registered bank that it will share its profits directly with its customers, said chief executive David Cunningham.

"Our bank is owned by each and every one of our customers: we much prefer seeing our profit going into their pockets rather than anyone else's.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"We continue to focus on growth, which means not only attracting new customers but, equally as important, growing our relationships with existing customers, increasingly via digital channels."

Mr Cunningham said for most customers the rebate would be between $10 and $500.

The rest of the bank's profit is reinvested to fund further growth and to develop products and services for customers.

Advertisement
Advertise with NZME.
Save

    Share this article

Latest from Business

Rotorua Daily Post

Small town's mayor says campus closure would condemn locals to poverty

Rotorua Daily Post

Median house price falls in Auckland, increases in regions

Premium
Rotorua Daily Post

'Extremely rare move' – consultant has developer put into receivership


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from Business

Small town's mayor says campus closure would condemn locals to poverty
Rotorua Daily Post

Small town's mayor says campus closure would condemn locals to poverty

Toi Ohomai Te Pūkenga put forward a proposal to disestablish the jobs of 166 people.

15 Jul 06:00 AM
Median house price falls in Auckland, increases in regions
Rotorua Daily Post

Median house price falls in Auckland, increases in regions

14 Jul 09:54 PM
Premium
Premium
'Extremely rare move' – consultant has developer put into receivership
Rotorua Daily Post

'Extremely rare move' – consultant has developer put into receivership

13 Jul 11:00 PM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Rotorua Daily Post e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Rotorua Daily Post
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Rotorua Daily Post
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP